When an incumbent company should be concerned about the substitute products? Use an USA manufacturing company...

When an incumbent company should be concerned about the substitute products? Use
an USA manufacturing company ?

Solutions

Expert Solution

Apple is one of the big manufacturing companies in the USA who has gained a lot of success over the year alongside companies like Google, Microsoft, amazing, etc

When should apple be concerned about the substitute products?

1. When the demand for substitute products increase companies have to concern. Apple head to head competition is with google. so when the demand for google pixel or Samsung note is more than the iPhone. It should be concerned to the company.

2. When the competitor introduces new technology and its better the companies technology. so its a threat to the company.

3. Availability: when the availability of the substitutes(Google, Samsung) is more than apple products. Its a concern for the company.

4. Marketing: If google or Samsung did better marketing then apple and its impacts on sales. so its a concern for the company.

5. Brand loyalty: Brand loyalty is one of the major things for companies like apple. If the substitute products are able to convert the loyal customers of the companies towards them. It became a major concern for the company.

keosha answered 3 months ago

Next > < Previous

Related Solutions

Human Resources department at a manufacturing company is concerned about unauthorized absences of its employees. As...

Human Resources department at a manufacturing company is concerned about unauthorized absences of its employees. As a part of their research, they decided to investigate the relationship between the number of unauthorized days that employees are absent per year and the distance (miles) between home and work for the employees. A sample of 10 employees was chosen, and the following data were collected. Perform an appropriate analysis on the data at a 0.01 level of significance. Answer the following questions...

Why should marketers be concerned about CSR and sustainability?

The president of a small manufacturing firm is concerned about the continual increase in manufacturing costs...

The president of a small manufacturing firm is concerned about the continual increase in manufacturing costs over the past several years. The following figures provide a time series of the cost per unit for the firm’s leading product over the past eight years Year Cost/Unit ($) Year Cost/Unit ($) 1 20.00 5 26.6 2 24.5 6 30.0 3 28.2 7 31.0 4 27.5 8 36.0 Construct time series plot. What type of pattern exists in the data? simple linear regression...

A company that sells eco-friendly cleaning products is concerned that only 18.5% of people use such...

A company that sells eco-friendly cleaning products is concerned that only 18.5% of people use such products select their brand. A marketing director suggests that the company invest in new advertising and labeling to strengthen its green image. The company decides to do so in a test market so that the effectiveness of the marketing campaign may be evaluated. Based on data collected in the test market, the company constructed a 98% confidence interval for the proportion of all consumers...

Why should we be concerned about using raw versus relative weights when conducting statistical tests in...

Why should we be concerned about using raw versus relative weights when conducting statistical tests in a software package (assuming conventional, non-survey procedures)?

To what extent should government be concerned about the prospects of deflation?

Why should banks be concerned about their level of profitability and exposure to risk?

Why should banks be concerned about their level of profitability and exposure to risk? Compare suncorp profitability with peer group mainly Return on Assets and Return on Equity? How do you see the level of suncorp bank(ausralia) profitability compared to its peer group?

Should humans be concerned about the pace of extinctions of organisms that are not directly related...

Should humans be concerned about the pace of extinctions of organisms that are not directly related to our survival? Why or why not?

why should a manager be concerned about the quality of work life in an organization?

Think about: what limits should there be on insider trading? In the USA, Pete Rose was...

Think about: what limits should there be on insider trading? In the USA, Pete Rose was a popular baseball player, and the manager, who was punished for betting on his own team to win. Should Pete Rose be allowed to profit from betting on the success of a team he managed? Should Pete Rose be punished more harshly if he profited from betting on the failure of a team he managed? In the Enron case, several managers sold all their...

Subjects